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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd > We WILL DELIVER SHOVEL READY Nico Project ON A GOLD PLATTER
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Comment by Dumonton May 22, 2024 5:53pm
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Post# 36052905

RE:We WILL DELIVER SHOVEL READY Nico Project ON A GOLD PLATTER

RE:We WILL DELIVER SHOVEL READY Nico Project ON A GOLD PLATTER At 9 or 10 cents per share the company is valued at $50 ish million.

After expenses to complete the process to develop mine and processing centre, earning a minimum of $250 millionish per annum
( or 50 cents per share ......every year for 20 years). I have no idea what the odds are of getting this project completed, but it looks better right now than pretty much any time in recent history.........
worth a shot a these levels !
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